Capital Investment Advisory Services LLC Sells 44 Shares of Netflix, Inc. (NASDAQ:NFLX)

Capital Investment Advisory Services LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,648 shares of the Internet television network’s stock after selling 44 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Netflix were worth $1,537,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Halbert Hargrove Global Advisors LLC increased its position in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd bought a new position in Netflix during the fourth quarter worth $27,000. Transce3nd LLC bought a new position in Netflix during the fourth quarter worth $32,000. Copia Wealth Management bought a new stake in Netflix in the 4th quarter valued at $37,000. Finally, Stuart Chaussee & Associates Inc. increased its holdings in Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock valued at $41,000 after buying an additional 45 shares during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 0.8%

Shares of NASDAQ NFLX opened at $1,295.24 on Friday. The firm’s 50-day simple moving average is $1,207.87 and its 200 day simple moving average is $1,037.61. The company has a market cap of $551.21 billion, a price-to-earnings ratio of 61.21, a price-to-earnings-growth ratio of 2.35 and a beta of 1.59. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the prior year, the company earned $8.28 EPS. On average, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Jay C. Hoag sold 32,515 shares of the company’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the transaction, the director directly owned 79,040 shares in the company, valued at approximately $87,099,708.80. This represents a 29.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Reed Hastings sold 26,977 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the transaction, the director owned 394 shares in the company, valued at approximately $446,421.70. The trade was a 98.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 186,723 shares of company stock valued at $223,307,201. 1.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NFLX. Piper Sandler set a $1,150.00 target price on shares of Netflix and gave the company an “overweight” rating in a research report on Monday, April 21st. BMO Capital Markets reissued an “outperform” rating and issued a $1,200.00 target price (up previously from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Moffett Nathanson reissued a “buy” rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Robert W. Baird upped their target price on shares of Netflix from $1,200.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Finally, Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the company an “outperform” rating in a research note on Friday, May 16th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,182.58.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.